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Trump Issues Executive Order to Create Sovereign Wealth Fund
The fund, which could require Congressional approval, is to be established by the Department of the Treasury and the Department of Commerce over the next 12 months.
Study Finds Most Corporate Retirement Plans Have Regulatory or Fiduciary Violations
According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and fiduciary failure.
Keeping Up With SECURE 2.0 Changes
Advisers discuss how they manage adoption of plan provisions with clients.
SECURE 2.0 Auto-Enrollment Requirement Takes Effect in 2025
Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for new 401(k) and 403(b) plans.
Saver’s Match Could Significantly Decrease Wealth Gaps, Morningstar Says
The Saver’s Match could significantly boost retirement savings, with promotion of the program by the government, plan sponsors, and the retirement industry vital any potential success.
FINRA Flags Shortcomings in Firms’ Anti-Money Laundering Efforts
The Financial Industry Regulatory Authority’s latest report offered advisers best practices for strengthening their compliance with security regulations.
Product and Service Launches – 1/29/25
Pontera, Orion announce new integration; PEO Partners, AlphaQuest launch actively managed ETF; Sycamore introduces surveillance platform for broker/dealers.
Johnson & Johnson Lawsuit Over Health Plan Partially Dismissed
A district court in New Jersey ruled that the plaintiff lacked standing for certain claims, but there is a chance the case will be resurrected.
KKR Names Kivett 1st Head of Defined Contribution
The veteran of TIAA and Prudential started in the new role in December.
Carson Group Acquires Carson Wealth Chicago
In a separate transaction, the Carson Group added an advisory team based in Roseville, California.
Industry Groups Push to Dismiss PRT Lawsuit Against Bristol-Myers Squibb
In an amicus brief, several advocacy groups warned that letting the lawsuit proceed past a motion to dismiss could open the door to a wave of frivolous lawsuits.
Proposed ESOP Rules Scrapped Following Trump’s Regulatory Freeze
A presidential executive order issued Monday led to the withdrawal of rules that had not yet been published in the Federal Register.
Supreme Court Hears Cornell Pleading Standards Case in Oral Arguments
The court examined conflicting lower court rulings to decide if plaintiffs must demonstrate more than just the occurrence of a 'prohibited transaction' to overcome a motion to dismiss.
TIAA and Nuveen’s Target-Date Annuity Strategies Reach 1 Million Accounts
The news comes after BlackRock's announcement last week that its annuity-integrated TDF product has surpassed $16 billion in assets under management.
2025 Retirement Outlook: Tax Changes, Cryptocurrency Trends and Litigation Reforms
According to experts at T. Rowe Price, plan sponsors should anticipate policy updates and possible litigation reforms in 2025.
Retirement Industry People Moves – 1/17/25
JPMorganChase announces new responsibilities for senior leaders; NEPC names Contorno principal and head of DC vendor management; CG Financial Services Appoints Hiipakka as President and COO; and more.
Strategies for Enhancing Portfolio Management
According to the Carson Group, investors are leveraging equity factors like momentum and low volatility and adopting active fixed-income strategies.
OneDigital Acquires Nonprofit HR Solutions, Fueling Expansion
The acquisition is OneDigital’s first in the nonprofit sector.
Employers Expand Mental Health Support to Combat ‘Burnout’
NFP’s annual benefits report also found, however, a trend of some employers too often putting that mental health support within other benefit areas.